07:49 AM EDT, 05/17/2024 (MT Newswires) -- The US dollar advanced against its major trading partners early Friday ahead of the release of leading indicators and state-level unemployment data, both for April, at 10:00 am ET.

The St. Louis Federal Reserve is expected to update its gross domestic product Nowcast estimate for Q2 around midday.

Fed Governor Christopher Waller is set to speak at 10:15 am ET, followed by a commencement speech by San Francisco President Mary Daly at 12:15 pm ET.

A quick summary of foreign exchange activity heading into Friday:

EUR-USD fell to 1.0840 from 1.0868 at the Thursday US close and 1.0874 at the same time Thursday morning. Eurozone consumer prices rose as expected in April, keeping the year-over-year rate steady but slowing the annual rate for its core consumer price index. European Central Bank Vice President Luis de Guindos said overnight he sees inflation moving back toward its 2% goal in 2025, according to Reuters. The next European Central Bank meeting is scheduled for June 6.

GBP-USD fell to 1.2650 from 1.2669 at the Thursday US close and 1.2674 at the same time Thursday morning. There are no UK data on Friday's schedule. The next Bank of England meeting is scheduled for June 20.

USD-JPY rose to 155.8712 from 155.4020 at the Thursday US close and 154.6840 at the same time Thursday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for June 13-14.

USD-CAD rose to 1.3639 from 1.3618 at the Thursday US close and 1.3633 at same time Thursday morning. Data on Canadian foreign securities purchases, home prices and vehicle sales are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 5.